Cost of Living & Salary Comparison 2026
Overall, Lima is approximately 21% cheaper than Montevideo based on our cost of living index. Lima has a COLI of 25.8 (ranked #93 of 113 cities), while Montevideo has a COLI of 32.5 (ranked #77).
When it comes to housing, one-bedroom apartment rent in Lima averages $450/month compared to $500/month in Montevideo. That makes Lima approximately 10% cheaper for rent alone.
Lima has lower total deductions (19.2%) compared to Montevideo (25.4%), meaning you keep more of your gross salary in Lima. When evaluating a relocation, remember that total deductions directly impact your take-home pay and should be weighed alongside cost of living differences.
Full breakdown of mandatory payroll deductions for a mid-range salary as a local employee in each city.
Rates shown for local employees. Expat deductions may differ — use the main converter for personalized calculations.
If you earn S/277,861 in Lima, you would need approximately $U 3,969,731 in Montevideo to maintain the same purchasing power. That is 21% more due to higher cost of living.
COLI-scaled lifestyle equivalents of New York mid-range salaries — not local market pay. For verified/OECD local-market figures see salary pages.
| Job Title | Lima (PEN) | Montevideo (UYU) |
|---|---|---|
| Doctor (General) | S/172,052 | $U 2,458,057 |
| Software Engineer | S/81,247 | $U 1,160,749 |
| Product Manager | S/95,584 | $U 1,365,587 |
| Lawyer | S/95,584 | $U 1,365,587 |
| Data Scientist | S/90,805 | $U 1,297,308 |
| Marketing Manager | S/68,821 | $U 983,223 |
| Teacher | S/45,880 | $U 655,482 |
| Nurse | S/55,439 | $U 792,041 |
These are COLI lifestyle equivalents of the New York mid baseline, not typical local market pay. See methodology and profession×city salary pages for market figures with source badges.
| Neighborhood | Multiplier |
|---|---|
| San Isidro | 1.30x (+30%) |
| Miraflores | 1.28x (+28%) |
| Barranco | 1.15x (+15%) |
| Surco | 1.08x (+8%) |
| La Molina | 1.05x (+5%) |
| Neighborhood | Multiplier |
|---|---|
| Carrasco | 1.30x (+30%) |
| Punta Carretas | 1.25x (+25%) |
| Pocitos | 1.22x (+22%) |
| Punta Gorda | 1.12x (+12%) |
| Ciudad Vieja | 1.08x (+8%) |
Sponsored
Save up to 6x on international transfers. Send money at the real exchange rate with no hidden fees.
Compare Transfer Fees →Use our converter with 2,400+ neighborhood adjustments for a precise salary comparison
Open Salary ConverterMontevideo is more expensive overall. Lima has a COLI of 25.8 while Montevideo has a COLI of 32.5, making Lima approximately 21% cheaper.
To maintain the same standard of living as S/277,861 in Lima, you would need approximately $U 3,969,731 in Montevideo.
Average one-bedroom rent in Lima is $450/month compared to $500/month in Montevideo. Lima has lower rent by approximately 10%.
Lima has lower total deductions (19.2%) compared to Montevideo (25.4%), meaning you keep more of your gross salary in Lima.
Cost of living indices (COLI) are benchmarked to New York City = 100 and derived from Numbeo and Expatistan crowd-sourced price surveys, cross-referenced with national statistics agencies. Rent data from Numbeo Property Prices.
Salary ranges are compiled from the U.S. Bureau of Labor Statistics (OES), Glassdoor, and PayScale. Tax rates are approximate effective rates for mid-range earners based on OECD Taxing Wages and national tax authorities. Exchange rates from the European Central Bank. Neighborhood multipliers are estimated from local rental indices and property data.
Last updated: 2026-08-31. Data is refreshed periodically. All figures are estimates for informational purposes only.